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Posted on Monday, 5th July 2010 by Heather Powell

Going Cashless

Once upon a time, cash was ubiquitous amongst common folk and “charging it” was reserved for the rich, fancy-pants type. Now, most Americans are paying less by paper and coin and more often in credit card, debit card, online transaction, and even up-and-coming mobile phone payments.

MintLife Blog writes that the future of money is the age of the cashless, as the rise of debit cards in the mid-1900s signaled the decline of paper checks and cash. Today, the fall of cash is speeding up thanks to increased credit card use and the introduction of mobile transactions via Smartphone, reports Daily Finance. Dow

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Tags: Cash, Cash Plastic
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Posted on Monday, 5th July 2010 by Rebecca Ortiz

Especially during the busy summer travel and vacation season, lots of credit card consumers will be faced with an often-perplexing question or choice. Should they go ahead and pay extra for auto insurance when renting a car, or decline it and hope that they are covered by their credit card membership’s insurance program?

Sometimes the cost of a daily rental car insurance premium is a huge additional expense that can escalate the cost of auto rentals into the stratosphere. But without it, if there is an accident, the renter could wind up owing a car rental company the price of a brand new car. So

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Tags: Auto, Auto Insurance
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Posted on Monday, 28th June 2010 by Sarah Sullivan

The Allpoint Network surcharge-free ATM network is taking on the Big Apple thanks to recently signed long term agreements with Actors Federal Credit Union. With the agreements, the Cardtronics affiliate will provide New Yorkers branded surcharge-free access to 215 New York ATM locations, including locations at 200 McDonalds stores throughout the metro area. With the addition of the Actors ATMs, Allpoint will have more than 2,500 surcharge-free locations in New York.

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Tags: Free, Free Atms
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Posted on Saturday, 26th June 2010 by Timothy Bell

The longstanding battle between merchants and the banking industry has netted at least one victory for merchants on Capitol Hill. This week, the House and Senate came to an agreement over the issue of debit card swipe fees and are brining them under the purview of the federal government. What does that mean? We thought you’d never ask.

Interchange Fees

Interchange fees, or swipe fees, are a cut of the transaction that credit card issuers automatically get every time you pay with plastic. This is usually a percentage—so, if you buy a $100 DVD player,  about $98 goes to Best Buy and the remaining $2 gets divvied up between Bank of America, Visa, etc. By l

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Tags: Battle
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Posted on Saturday, 26th June 2010 by Sarah Sullivan

The Credit Card Accountability Responsibility and Disclosure Act (Credit Card Act of 2009) was signed into law by President Barack Obama on May 22, 2009 and is meant to protect consumers from financial industry practices which have historically lacked transparency and were not consumer friendly. It is hoped that the Credit Card Act of 2009 will help make credit card terms easier to understand.  Congress’ mandate ordered that the provisions of the Credit Card Act of 2009 be implemented in three distinct phases. Th

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Tags: Act, Card Act
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Posted on Saturday, 26th June 2010 by Rebecca Ortiz

Frequent flier credit cards can be a great way for travelers to save money on their traveling expenses. Unfortunately, many cardholders simply don’t know how to get the most out of their frequent flier benefits. With the opportunity to save hundreds or even thousands of dollars each year on hotel visits, gas mileage and airline mileage, it is easy to see why so many people have shown interest in frequent flier credit cards.

Avoiding the Pitfalls

Many people don’t realize that there are just as many pitfalls associated with frequent flier cards as there are advantages. For

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Tags: Cards, Credit Cards, Flier Credit, Flier Credit Cards
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Posted on Friday, 25th June 2010 by Heather Powell

With private loan providers being all the more too picky with aspiring home owners, government-owned Freddie Mac and Fannie Mae comes over and provides home loans to almost every person—with or without stable employment or source of income. While it is supposedly a major consideration for private home loan providers, these government-owned lending institutions did not bother to check the capacity of the people for repaying loan. To date, both institutions have a combined total of $145 government credit.

And people are quite skeptical about that amount being payed in the next few years. I

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